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OFF-MARKET
Specialty properties

505 28Th Ave Hollywood, FL 33020

Built 1967
Property ID
Property summary
AI-generated overview

This exceptional 1-story church building, constructed in 1967, presents a unique investment opportunity in Hollywood, Florida. Located at 505 N 28th Ave, 33020, this property boasts a prime location, just a mile and a half from downtown Hollywood and approximately three miles from the beach. The church currently accommodates approximately 50 seats and has an active congregation of 25 members. On-site amenities include a functional kitchen with an adjoining dining area, a versatile back room suitable for classes or childcare, and a convenient storage unit located at the rear of the building. A private office provides additional space. Ample parking is available with a lot accommodating 12 vehicles. The property sits on a double lot, currently zoned RS-3, offering significant potential for future development. The RS-3 zoning allows for the possibility of rezoning to accommodate multi-family dwellings, making this an attractive prospect for investors seeking to capitalize on the area's growth. The asking price for this exceptional property is $950,000. Don't miss this chance to acquire a well-situated property with substantial upside potential in a thriving Florida community.

Property profile
Verified
Property type Specialty properties
Year built 1967
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Christ Ambassador Church Church
  • MGS Tax & Realty Corporation Accounting Firm Tax Preparation
  • Faith Freedom Association Or Organization
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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